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Top related persons:
Javier Correonero - 2 SoftBank - 1 Arm's - 1 DiDi - 1 Shogo Tono - 1 Morningstar - 1 FactSet - 1 Vijay Rakesh - 1
Top related locs:
Britain Coupang
Top related orgs:
Nvidia - 2 Morningstar - 2 SoftBank - 1 Arm Holdings - 1 Grab Holdings - 1 LSEG - 1 Nomura Securities - 1 Apple - 1

Search resuls for: "Javier Correonero"


2 mentions found


☆ SoftBank seen returning to loss in fourth quarter despite strength in tech stocks
  + stars: | 2024-05-12 | by ( ) www.cnbc.com   time to read: +2 min
Japanese technology investor SoftBank Group is expected to slip back into the red when it reports earnings on Monday despite technology stocks including Arm Holdings its core asset, performing well over the quarter. Analysts and investors are also eagerly awaiting clues about new growth investments as SoftBank has ample liquidity and can monetize its huge holding in Arm. The initial public offering (IPO) market remained subdued, leaving analysts uncertain of the monetization prospects for SoftBank's portfolio of unlisted tech startups. But while the Arm stake may make possible an investment on this scale, its dominance within SoftBank's portfolio poses a risk should market sentiment turn, hitting SoftBank's value and fundraising capacity. Morningstar analyst Javier Correonero estimates a fair value for Arm of $57 per share, compared to its recent trading range around $100 per share.
Persons: SoftBank, Arm's, DiDi, Shogo Tono, Javier Correonero Organizations: SoftBank, Arm Holdings, Grab Holdings, LSEG, Nomura Securities, Nvidia, Morningstar Locations: Britain, Coupang
☆ This AI stock could fall 50% and has an 'exaggerated artificial intelligence narrative,' Morningstar says
  + stars: | 2024-04-09 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +3 min
Arm , the British semiconductor design company, has seen its share price skyrocket since reporting third-quarter earnings in February. However, Morningstar believes the current share price is overvalued and could drop by 54% to $57. Morningstar's price target for Arm, which the firm calls a fair value estimate, is $57 per share. The consensus price target of 31 analysts covering Arm polled by FactSet points to a 14% downside. The research firm has raised its price target for Arm to $160, representing 28% upside from current levels.
Persons: Morningstar, Javier Correonero, FactSet, Vijay Rakesh Organizations: Nvidia, Apple, ARM, Mar, CNBC Pro, Mizuho Securities, Morningstar, Mizuho
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